WORLD MARKET UPDATE- 22 JULY 2011WORLD INDEX TECHNICAL ANALYSIS

22/7/11	FTSE 100	DAX 30	CAC 40	Dow Jones	S&P500	Nasdaq 100
R3	6,071.08	7,510.79	3,967.71	12,936.2	1,368.35	2,456.44
R2	6,014.02	7,437.24	3,917.39	12,865.6	1,360.17	2,439.04
R1	5,956.95	7,363.69	3,867.07	12,795.0	1,351.98	2,421.64
PIVOT	5,877.22	7,253.06	3,789.64	12,680.8	1,338.82	2,399.73
S1	5,820.15	7,179.51	3,739.32	12,610.2	1,330.63	2,382.33
S2	5,740.42	7,068.88	3,661.89	12,496.0	1,317.47	2,360.42
S3	5,683.35	6,995.33	3,611.57	12,425.4	1,309.28	2,343.02

FTSE 100 (HEADING TOWARDS 6100-6200)

FTSE 100 HAS STRONGINTRA DAY SUPPORT LEVEL AT 5820.15, IF FTSE BREAK THIS LEVEL AND SUSTAINBELOW THEN PANIC RALLY UPTO 5740.42 IS NOT RULED OUT.ABOVE 5877.22 FTSE TRYTOTOUCH 5956.95 LEVEL.

DOW JONES(HEADING TOWARDS 12,800-13,000)

DOW JONES HASSTRONG INTRA DAY SUPPORT AT 12,610.20,IF DOW JONES BREAK THIS LEVEL AND SUTAINBELOW THIS LEVEL THEN BEAR RALLY UP TO 12,496.

ABOVE 12,680.8WILL TRY TO TOUCH 12,795 LEVELS, BULL RALLY WILL ONLY EXPECTED IF DOW JONESCROSS 12,865.60 LEVEL AND SUSTAIN ABOVE THIS LEVEL.

S&P 500(HEADING TOWARDS 1410-1440)

S&P 500 HAS STRONGINTRA DAY SUPPORT LEVEL AT 1,330.8, IF S&P500 BREAK THIS LEVEL AND SUSTAINBELOW THEN PANIC RALLY UPTO 1,309.28 IS NOT RULED OUT.ABOVE 1,338.82 FTSE TRYTOTOUCH 1,351.98-1,360.17 LEVELS.